Alliance UniChem points to slower wholesale growth

KabirChibber

LONDON (MarketWatch) -- U.K healthcare group Alliance UniChem PLC
uk:aun
said growth in its wholesale division has been slower, in part due to the implementation of the U.K. Department of Health's Pharmaceutical Price Regulation Scheme price cuts. "The U.K. market has now stabilised and we expect more normal market conditions in the second half," it said. But it said more direct sales by manufacturers to pharmacists in France and regulatory price changes in Spain have had a greater short-term impact on wholesale performance than anticipated. Alliance UniChem said its pharmacy chain and associates continue to perform strongly, and it expects a strong financial performance in both the first half and the year.

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